SR-22 Auto Coverage in California
SR-22 Auto Insurance in California
The population of California is constantly in flux, with new arrivals every day. For those who are new to this state, California auto insurance laws may be confusing. This can be especially true when it comes to understanding the SR-22 rules . To get started, here are a few tips to help you better understand California auto insurance regulations.
Details about CA SR-22 auto insurance
High risk drivers may be required to carry SR-22 auto insurance. SR-22 insurance is a certificate that you present to the DMV that proves you have current and future auto insurance, provided by a company that is licensed to do business in California.
SR-22 auto insurance cannot be taken from one state into another. In other words, if you move into California, and currently have SR-22 insurance, you must reapply for a new policy from an in-state auto insurance carrier. It is important that you do not allow your SR-22 policy to lapse as this may result in loss of driver's license.
Types of financial responsibility
Under California law, the following are acceptable for proving financial responsibility in regards to auto insurance.
- A motor vehicle liability insurance policy
- A cash deposit of $35,000 with DMV
- A DMV issued self-insurance certificate
- A surety bond for $35,000
California minimum liability requirements
The following apply only to private passenger vehicles. Commercial vehicle owners should consult with the California DMV for specific advice.
- $15,000 for injury or death to one person
- $30,000 for injury or death to more than one person
- $5,000 property damages
Under California law, not only are vehicles that are operated on the roads required to carry California auto insurance, but vehicles that are parked on the public roads are also required to carry coverage.